Replies to post #2176 on Healthier Choices Mgmt Corp (HCMC)

[killmaster6666]

If a stock drops below $1 it can be de-listed, but usually the company will have a grace period to restore the stock above $1 so that doesn't happen. Often times companies will reverse split to prevent a de-listing. I highly highly doubt that we are at risk of this, with VPCO.

[mikek83]

this is general

How Delisting Works
The rules for delisting depend on the exchange and which listing requirement needs to be met. For example, on the Nasdaq, the delisting process is set in motion when a company trades for 30 consecutive business days below the minimum bid price or market cap. At this point, Nasdaq's Listing Qualifications Department will send a deficiency notice to the company, informing it that it has 90 calendar days to get up to standard in the case of the market value listing requirement or 180 calendar days if the issue is regarding the minimum bid price listing requirement. The minimum bid price requirement, which is $1, and the market value requirement (minimum $5 million, provided other requirements are met) are the most common standards that companies fail to maintain. Exchanges typically provide relatively little leeway with their standards because most healthy, credible public companies should be able to meet such requirements on an ongoing basis.